Brookfield Asset Management Ltd. (NYSE:BAM) Shares Bought by Choreo LLC

Choreo LLC lifted its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 96.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,087 shares of the financial services provider’s stock after purchasing an additional 4,964 shares during the quarter. Choreo LLC’s holdings in Brookfield Asset Management were worth $551,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BAM. Hara Capital LLC acquired a new position in Brookfield Asset Management during the third quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Brookfield Asset Management during the 3rd quarter worth $27,000. Versant Capital Management Inc increased its holdings in shares of Brookfield Asset Management by 1,606.3% during the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock worth $44,000 after buying an additional 771 shares during the last quarter. Continuum Advisory LLC raised its position in shares of Brookfield Asset Management by 42.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock worth $52,000 after buying an additional 329 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Brookfield Asset Management by 35.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 319 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

NYSE:BAM opened at $55.59 on Wednesday. Brookfield Asset Management Ltd. has a 1-year low of $37.29 and a 1-year high of $62.61. The stock has a market cap of $24.63 billion, a P/E ratio of 49.19, a PEG ratio of 2.18 and a beta of 1.46. The firm has a 50-day moving average of $56.49 and a two-hundred day moving average of $50.77.

Analyst Ratings Changes

Several brokerages have commented on BAM. Royal Bank of Canada upped their price target on Brookfield Asset Management from $55.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods dropped their target price on shares of Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating for the company in a research report on Monday, January 13th. StockNews.com cut shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. The Goldman Sachs Group increased their price objective on shares of Brookfield Asset Management from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, BMO Capital Markets lifted their target price on shares of Brookfield Asset Management from $40.00 to $50.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.58.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.